Q3 Earnings Beat: Travelers & Truist
Travelers ($TRV) reported EPS of $9.18 vs $7.27 estimate, a strong beat. Truist ($TFC) posted EPS of $1.16 vs $1.11 estimate with NII up 0.7% YoY.
What we know
An account on X highlighted $TRV's blowout: EPS +13% YoY at $9.18 (est $7.27), Combined Ratio 86.8% far better than the 91% estimate, and catastrophe losses of $538M vs $695M feared. Another account on X covered $TFC: EPS $1.16 beat, though revenue of $5.3B slightly missed. Both prints suggest financials are weathering the macro environment better than feared.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.